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原文:) C+ p' l( U4 z, ?9 Q8 V
IMPORTANT POINTS TO REMEMBER IN FORECASTING
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8 l3 E* g" B) S7 `" OTIME is the most important factor of all, and not until sufficient time has expired does any
/ |5 ? a. s9 o( y* q0 y& Lbig move up or down, start. The Time factor will overbalance both Space and Volume. # L2 `$ ^; X$ S7 A" i
When Time is up, space movement will start and big volume will begin, either up or down.
- w3 s0 H4 Z" V, ~6 s1 \5 iAt the end of any big movement – with monthly, weekly, or daily – Time, must be allowed
! H+ C+ j, L( N& tfor accumulation or distribution.- S+ k' z' y) ~0 }5 \
. J+ D( j1 N: x5 q7 Q. x. ^. eConsider each individual stock and determine its trend from its position, according to distance + H1 f' Y2 [* k. A! j
in time from bottom or top. Each stock works out its 1, 2, 3, 5, 7, 10, 15, 20, 30, 50 and 60-
5 Y& ^8 ]5 v2 ^5 _3 Lyear cycles from its own base or bottoms and tops, regardless of the movements of other
) B# j$ M7 u Estocks, even those in the same group. Therefore, judge each stock individually and keep up
$ p2 B9 ]# |' L- pweekly and monthly charts on them.
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Never decide that the main trend has changed one way or the other without consulting the
- j7 i0 x$ b) {/ T9 langles from top or bottom and without considering the position of the market and cycle of
' C; C: |% b& Keach individual stock.
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Always consider the annual forecast and whether the big time limit has run out or not before ( s" g; Q" h# r8 v1 }$ Z! `
judging a reverse move. Do not fail to consider the indications on Time, both from main tops
, o8 `( I( ~/ y7 ^! H& }4 M1 I7 ?: ^and bottoms, also Volume of Sales and position on Geometrical Angles.
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- L, r& ?) L1 Y- a1 D, p, u* }% E$ n8 nA daily chart gives the first short change, which may run for 7 to 10 days; the Weekly Chart
) ^$ w/ @7 D* G- B5 m+ _% Y6 Igives the next important change in trend; and the Monthly the strongest. Remember, weekly
1 q' [2 y( i) J( Emoves run 3 to 7 weeks, monthly moves 2 to 3 months or more, according to the yearly cycle, & g1 D8 F* @+ d0 s9 z; T# @
before reversing.
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Yearly bottoms and tops: it is important to know whether a stock is making higher or lower
) W; ~9 a- X( W Abottoms each year. For instance, if a stock has made a higher bottom each year for five years, # _( w5 y( o, ^ m
then makes a lower bottom than the previous year, it is a sign of reversal and may mark a long # @, a( a9 K9 ~$ P3 q+ E. h
down cycle. The same rule applies when stocks are making lower tops for a number of years + D0 a! ]% C( e1 k) Y% t3 K- ^& }
in a bear market.
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When extreme advances or declines occur, the first time the market reverses over 1/4 to 1/2 of ! ~* |' Q6 S" z3 q% {$ }) C
the distance covered in the previous movement, you consider that the trend has changed, at + w9 m& i: _% ^
least temporarily.. L# a s5 Z5 e! f1 b( k
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It is important to watch space movements. When Time is running out one way or the other, W, h, X7 v+ I5 w3 t! |# q, _ e
space movements will show a reversal by breaking back over 1/4, 1/3 or 1/2 of the distance of ' O4 |& d" u2 g8 W
the last move from extreme low to extreme high, which indicates that the main trend has
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2 r8 r$ m; Z$ n! h1 ]! s& Y; fStudy all the instructions and rules that I have given you; read them over several times, as
& a$ u0 G7 a2 r% o/ Eeach time they will become clearer to you. Study the charts and work out the rules in actual
8 W# W4 q6 g; b, C6 H! {& Spractice as well as on past performance. In this way, you will make progress and will realize 2 P8 A ^) j5 Q. k" B
and appreciate the value of my Method of Forecasting.
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